Read: AppLovin stock roars as analyst sees an edge from AI in struggling mobile-ad market Of the 29 analysts who cover Take-Two, 22 have buy ratings and seven have hold ratings, along with a price target of $144.88, up from a previous $134.14. “We think it almost certainly also includes ‘Borderlands 4,’ as we know that title is in development, and marketing commitment levels disclosed in the last two 10-Ks have suggested a release.”Ĭreutz has an outperform rating and a $147 price target. “The mention of ‘groundbreaking titles’ to us pretty clearly includes GTA6, as we feel confident in saying no other combination of title releases would allow management to confidently project a increase in bookings,” Creutz said. TD Cowen analyst Doug Creutz emphasized the “several” part of Take-Two chairman and chief executive Strauss Zelnick’s statement that the forecast involved “several high-profile, long-awaited titles in our pipeline,” and called the anticipation “tremendous.”
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Rockstar Games confirmed last year “that active development for the next entry in the ‘Grand Theft Auto’ series is well under way.” And with executives quoting $8 billion in net bookings out to fiscal 2026, that means “this growth is more than one specific title,” the Jefferies analyst said.įull earnings coverage: Take-Two stock soars as outlook suggests ‘Grand Theft Auto VI’ is a little more than a year away The large immersive core titles we’ve been waiting on since the company started its investment cycle in 2018 are finally expected to be released in ,” Uerkwitz said. “In a rare move, Take-Two gave 2-year forward guidance with year-3 color. Jefferies analyst Andrew Uerkwitz, who has a buy rating and $165 price target on Take-Two, called the guidance “groundbreaking” Thursday. Take-Two, however, all but confirmed late Wednesday a sixth installment of “Grand Theft Auto” coming out next year, along with this year’s poor guidance, allowing “bulls to dream,” as McKay had said. Wedbush analyst Nick McKay pretty much called it earlier this week, noting that if Take-Two lowballed the outlook for the year - as he expected - without mentioning any big titles coming out, then shares would be under pressure. Take-Two - which publishes such videogame franchises as “Grand Theft Auto” and “Red Dead Redemption” under its Rockstar Games label, and “Borderlands” and “NBA2K” under its 2K label - on Wednesday offered a disappointing forecast for the fiscal year that just began, but pointed to the next fiscal year as the launch point for “several groundbreaking titles.” That is expected to include “Grand Theft Auto VI,” the sequel to the most successful videogame of all time that gamers and investors have been anxious to see.
Take-Two shares are up 34.1% year to date, while the S&P 500 is up 9.3%, and the Nasdaq Composite Index was incorporated in 1993 and is based in New York, New York.Take-Two’s stock also led gainers on the S&P 500 index The company provides its products through physical retail, digital download, online platforms, and cloud streaming services. Its products are designed for console gaming systems personal computers and mobiles comprising smartphones and tablets. Further, the company offers Kerbal Space Program, OlliOlli World, and The Outer Worlds and Ancestors: The Humankind Odyssey free-to-play mobile games, such as CSR Racing, Dragon City, Empires & Puzzles, FarmVille, Golf Rival, Harry Potter: Puzzles & Spells, Merge Dragons, Merge Magic, Monster Legends, Toon Blast, Top Eleven, Toy Blast, Two Dots, Words With Friends, and Zynga Poker and a volume of mobile titles, including Fill the Fridge!, Parking Jam 3D, Pressure Washing Run, and Pull the Pin.
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In addition, it publishes sports simulation titles comprising NBA 2K series, a basketball video game the WWE 2K professional wrestling series and PGA TOUR 2K. The company also publishes various entertainment properties across various platforms and a range of genres, such as shooter, action, role-playing, strategy, sports, and family/casual entertainment under the BioShock, Mafia, Sid Meier's Civilization, XCOM series, Borderlands, and Tiny Tina’s Wonderland. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. develops, publishes, and markets interactive entertainment solutions for consumers worldwide.
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